Nobody downloaded yet

A Model for the Allocation of Value in Western and Eastern Art Markets - Dissertation Example

Comments (0) Cite this document
Summary
This paper presents a clear view on how value is assigned to art at the macro and the micro level as well as looking at the differences between the two art markets in respect to the way that value is, and is assigned. Using this as a basis, a research methodology will be proposed…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
A Model for the Allocation of Value in Western and Eastern Art Markets
Read TextPreview

Extract of sample
"A Model for the Allocation of Value in Western and Eastern Art Markets"

Download file to see previous pages In contrast, Western art generally refers to the European style of artwork, and is less culturally diverse than Eastern artwork and draws less on myth. A significant portion of European art, particularly older art, is connected to the Christian religion, with depictions of Jesus, Mary and of angels. Modern Western artwork is often more abstract. The development of prices for artworks by artists in China can be tracked effectively and accurately using the research methodology proposed for both indigenous Chinese artists represented in local markets and also for global or Western artists imported to collections. This allows the determination of how traditional Eastern artwork fares in the Eastern art market compared to how Western artwork performs in the same market. The economical and sociological systems which drive the operation of the contemporary art market in China can be reviewed on a percentage of GDP or on a per capita basis in respect to the Western markets, allowing direct comparison between the two. This allows it to be determined whether one form of art is traded more frequently or valued more highly in the Eastern market compared to the Western, indicating differences between the markets. 9 The Assignment of Value 13 For any commodity or service, value must be assigned to it in order for it to be bought and sold in the general market. It is not simple to assign value to art, as its worth comes from a wide variety of sources, and is not always predictable. The question of value is fundamental for art as a discipline and as an object. Art is created not simply because of the desire of the artist to create, but also as a method of communication, or through a desire to earn an income. As a consequence, the meaning of the work is important and...


This dissertation outlines art as a large part of culture and tradition worldwide, but the definitions and approaches to art can vary significantly depending on the artist as well as the culture that they derive their inspiration from. In particular, artistic inspiration and art form can be divided into two broad categories, Eastern and Western art. These definitions are based on global location of the style and inspiration for the artist, although the artist themselves may not be from this global area. Western art can be defined as art that is created in the styles that are generally accepted in European countries, although it may be created anywhere in the world. Traditionally, Western art consisted primarily of paintings and sculptures, often of religious icons, although there was the development of other artistic styles such as impressionist and abstract art during the history of Western art. Current Western art also includes styles such as modern art, which is often very abstract, and performance art. In contrast, Eastern art is often more traditional and takes greater inspiration from local religion, practices, history, myth and legend. When interpreting art from Eastern cultures, it is important not to do so through the lens of Western art history and values, as this presents a risk of cultural imperialism or bias. The consequence of this may be the marginalization of traditional artistic expression, such as art through handicrafts, folk art, or kitsch, which are often not regarded as art from the traditional Western viewpoint. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Model for the Allocation of Value in Western and Eastern Art Markets Dissertation”, n.d.)
Retrieved de https://studentshare.org/marketing/1391251-a-model-for-the-allocation-of-value-in-western-and-eastern-art-markets
(A Model for the Allocation of Value in Western and Eastern Art Markets Dissertation)
https://studentshare.org/marketing/1391251-a-model-for-the-allocation-of-value-in-western-and-eastern-art-markets.
“A Model for the Allocation of Value in Western and Eastern Art Markets Dissertation”, n.d. https://studentshare.org/marketing/1391251-a-model-for-the-allocation-of-value-in-western-and-eastern-art-markets.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
What Should Eastern European Migrants in UK Do In Order To Be More Gainfully Employed
...to the native-born workers, a large group of the Eastern European migrant workers have more endurance and high tolerance when it comes to undesirable labour-intensive jobs such as asparagus farming, food processing companies, potato packing factories, etc. (i.e. loading approximately 85 bags of potatoes per minute over a 12-hour shift) (Hudson 2010; Ruhs and Anderson 2010; Stenning et al 2006). According to Scott, McCormick and Zaloznik (2008), the Eastern European migrant workers represent the image of an ideal “good worker”. Because of the positive work attitude of the Eastern European migrant workers, Clark and Drinkwater (2008) revealed that a large number of migrant workers constitute a...
30 Pages(7500 words)Dissertation
Allocation Issues in Healthcare
...in a systematic manner. The principle of utilitarianism states generating of large value for large number of people but in the case of healthcare allocation, it seems that with limited numbers of resources, not everyone can be treated equally. However, it also needs to be identified other models that can be compared with the QALY Model in terms of usefulness and importance in order to underpin issues pertaining to the healthcare allocations. Conclusion On the basis of the above discussion, it can be said that in order to make healthcare allocations a superfluous process, it is important to make social decisions implicit if not explicit. The cost...
40 Pages(10000 words)Dissertation
Literature Review/ dissertation
...market for customers to generate loyalty. Some also declare that segmentation is a mode for the lesser brands to compete with the big brands. The example is a distinction in culture expressed in the Middle Eastern countries and the Western countries particularly the United States. In United States, once the intention is to work hard and shake hands when the agreement is through. It is a gesture of the start of working together. In the Middle East contrarily, when the formal shake hands is done, it is an indication that solemn negotiations are just starting. Hofstede Theory is a theory applied more often for understanding cultural differences. Therefore, using this theory is advantageous in many...
16 Pages(4000 words)Dissertation
Ehnancing level of engagement with performance with data in the allocation and use of Seychelles - would an integrated VFM code
...in analysis projects Cultural impact – acceptance and gradual change Funding for Research and implementation of the Model in full Bulk budget allocation 100% indicate that there is need to do thorough research in countries that have integrated VFM successfully. There will be gradual implementation of the model by 2015. 5. Form of an integrated VFM code for Seychelles The modest methods recommended are Cost benefit analysis; the 3e’s analysis and the trend analysis deferred form the confidence levels. However, the respondents do not have a clear method to be used. However, there are insights into doing research work in countries that have implemented VFM models successfully....
32 Pages(8000 words)Dissertation
Project Management and its usage in cost and time mitigation
.... The work should cause no environmental hazard and it should be accepted by the localite of the region. (Ofori, 1990, pp.58-63) An introduction of Project Management and its role in the construction sector Project management is the science (and art) of organizing the components of a project, whether the project is development of a new product, the launch of a new service, a marketing campaign, or a wedding. A project isn’t something that’s part of normal business operations. It’s typically created once, it’s temporary, and it’s specific. As one expert notes, “It has a beginning and an end.” A project consumes resources (whether people, cash, materials, or time), and it has funding limits. the project manager...
88 Pages(22000 words)Dissertation
Emprical evaluation of Value at Risk(VaR) model using the Lusaka stock exchange
... have embraced Value-аt-Risk as an easy to understand instrument to assess information about their portfolio positions. Apart from the conception аttrаctiveness, its popularity is encouraged by the Basle Committee who permitted banks to calculate their capital requirements for market risks by means of VаR models. In order to calculate the VаR for this purpose, banks can choose between either historical simulation, vаriаnce-covаriаnce techniques and Monte Carlo simulation. A priori, it is not clear which method provides the best results. In this paper, we will concentrate on Generalized Autoregressive Conditional Heteroskedasticity (GARCH) and compare it other models such as exponentially weighted average (EMWA) and the historical simulation... the low...
10 Pages(2500 words)Dissertation
How does the western model of Internet Banking apply to Russia
...results with another criterion of interest” (Phelan and Wren, 2006). Clearly, following the fact that the researcher had two major banking markets to deal with in the case analysis namely the western model and Russian banking, this type of validity was going to be the most appropriate in meeting the goals of the researcher. This is because the western model was used as one criterion, upon which the Russian banking model was to be tested. 3.53 Generalisability Collis and Hussey (2003) have explained that “Generalisation is concerned with the application of research results to cases or situations beyond those examined in the study.” The clearest...
16 Pages(4000 words)Dissertation
Art Business - Is Contemporary Art a safe investment
...interested in the system. The international art market is particularly focused on providing the right values to art and antiques. The government has a significant role to play in this regard that supports the retailers involved in the system making it difficult to access (Robertson 2005). Although parts of the system are supported by the government, but such supports are highly effective. The art market is mainly dominated by two companies – Sotheby’s and Christie’s. However there is no duopoly in the system and hence no effect on the consumers nor is there any cartel for fixing of prices (Robertson 2005). While the contemporary...
36 Pages(9000 words)Dissertation
Exploration of Regional Variations in Attitude towards Guanxi
...dynamically and continuously with the environmental forces. Understanding individual behavior and work values require a thorough understanding of human interaction and co-evolution with environmental forces they are living with. Several models have been proposed in order to understand the influences of the macro factors on individual behaviors. In this study, the model of culture fit as suggested by Kanungo & Jaeger (1990) has been utilized. The diagram below illustrates the culture fit model for macro environment analysis. Figure 2. Culture Fit Model adopted from Kanungo & Jaeger, 1990 Similar to that of the PESTLE macro forces in the...
40 Pages(10000 words)Dissertation
Business Model Innovation
...ratios and valuation tools while forgetting a more basic question: how does the company actually make money A solid business model remains the bedrock of every successful investment. To distinguish the great companies from the losers, investors should learn how to describe and evaluate companies' business models." (McClure, 2004). List quotes Chesbrough and Rosenbloom to identify the main functions of a business model: "1. to articulate the value proposition 2. to identify a market segment 3. to define the structure of the firm's value chain 4. to specify the revenue generation mechanisms 5 to describe the position of the firm...
40 Pages(10000 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Dissertation on topic A Model for the Allocation of Value in Western and Eastern Art Markets for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us